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Optimal quantities and prices for two markets

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Reference no: EM131301635

A firm isable to charge different prices in the Domestic and Foreign markets. The Domestic market demand curve is q = 24 - p, while the Foreign market demand curve is q = 18-p. Suppose the firm has a cost curve for total output given by c(q) = q^2. What are the optimal quantities and prices for the two markets?

Reference no: EM131301635

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